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LUCA ANNOUNCES FULLY SUBSCRIBED LIFE OFFERING AND CONCURRENT NON-BROKERED PRIVATE PLACEMENT OF UP TO C$1.45 MILLION FOR COMBINED PROCEEDS OF C$10 MILLION
LUCA ANNOUNCES FULLY SUBSCRIBED LIFE OFFERING AND CONCURRENT NON-BROKERED PRIVATE PLACEMENT OF UP...
About this update from Luca Mining Corp
[{"type":"text","content":"\n\n\n\n LUCA ANNOUNCES FULLY SUBSCRIBED LIFE OFFERING AND CONCURRENT NON-BROKERED PRIVATE PLACEMENT OF UP TO C$1.45 MILLION FOR COMBINED PROCEEDS OF C$10 MILLION\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n ./\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 12, 2024\n \n\n /CNW/ - Further to its news release dated\n \n September 6, 2024\n \n , Luca Mining Corp. (\"Luca\" or the \"Company\") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce that Stifel as lead agent on behalf of a syndicate of agents including Haywood Securities Inc., Ventum Financial Corp., BMO Capital Markets and Canaccord Genuity Inc., has advised the Company that the brokered \"best-efforts\" private placement pursuant to the \"listed issuer financing exemption\" under Part 5A of NI 45-106 –\n \n Prospectus Exemptions\n \n (the \"\n \n Listed Issuer Financing Exemption\n \n \") of up to 19,000,000 units (the \"\n \n LIFE Units\n \n \") of the Company (the\n \n \"LIFE Offering\"\n \n ) has been fully subscribed.\n \n\n\n\n\n\n\n\n\n Due to the significant demand for the LIFE Offering and to accommodate certain insiders of the Company that wish to participate in financing Luca, the Company will conduct a concurrent non-brokered private placement of up to 3,222,222 units of the Company (\"\n \n Non-LIFE Units\n \n \") at a price of\n \n C$0.45\n \n per Non-LIFE Unit for aggregate gross proceeds of up to\n \n C$1.45 million\n \n (the \"\n \n Concurrent Private Placement\n \n and, together with the LIFE Offering, the \"\n \n Financings\n \n \"). Each Non-LIFE Unit will consist of one common share (a \"\n \n Common Share\n \n \") and one-half (½) of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \") of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 18...